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This study examines the economic consequences of voluntary disclosures for investment forecasts. Using Japanese data, I examine whether voluntary disclosure of management forecasts of capital investments and research and development investments is related to the cost of capital in the same and...
Persistent link: https://www.econbiz.de/10012856284
It is argued that the observed return rates on capital at firm-level have an upward bias if firms are producing with unobserved intangible capital. Using EUKLEED, a comprehensive firm level data base for Germany, this theoretical preposition is proved empirically. Furthermore, making unobserved...
Persistent link: https://www.econbiz.de/10013069621
positively influences labor productivity, sales and profitability, but also that these effects diminish over time …
Persistent link: https://www.econbiz.de/10013159772
answered. -- Intangible capital ; rate of return ; firm-level profitability …
Persistent link: https://www.econbiz.de/10003974686
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analysts working in a superior environment provide consistently profitable recommendations. The overall profitability of their … strategy based on the projected - rather than past - earnings accuracy yields substantial excess returns. -- analysts … ; portfolio management ; profitability of recommendations …
Persistent link: https://www.econbiz.de/10009705474
; trading strategy ; profitability of recommendations … recommendation profitability (Loh and Mian (2006)). Differentiating between "able" and "lucky" analysts we suggest an implementable …, i.e. look-ahead bias free, trading strategy that yields annual excess returns of 11.5% before transactions costs during …
Persistent link: https://www.econbiz.de/10008696828
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This study, which analysed the profitability of 42 reinsurers in Sub-Saharan Africa from 1991 to 2020, revealed that …, and operational efficiency affect the profitability in these companies. This study is quantitative and dynamic using … to remain highly competitive and boost their premium growth such that their profitability is sustained. Also, there …
Persistent link: https://www.econbiz.de/10014431917